cheers attacks Great British Finance Ltd

Incident Date:

August 18, 2022

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cheers attacks Great British Finance Ltd


Great British Finance Ltd




, United Kingdom

, United Kingdom

First Reported

August 18, 2022

Great British Finance Ltd Suffers Ransomware Attack

Overview of the Incident

Great British Finance Ltd, a financial services company located in Swadlincote, has recently fallen victim to a ransomware attack perpetrated by the group known as Cheers. This incident was disclosed on the group's dark web leak site. Founded in 2005, Great British Finance Ltd prides itself on its personalized financial planning services and its dedication to the long-term prosperity of its clients.

Although the exact size of the company is not detailed, it is characterized as a locally owned enterprise with advisers stationed in Swadlincote and throughout the Midlands. The specific vulnerabilities that made Great British Finance Ltd a target for cybercriminals have not been disclosed.

Ransomware Attacks in the Finance Sector

The finance sector, within which Great British Finance Ltd operates, has experienced a notable uptick in ransomware incidents in the UK. According to the UK Financial Conduct Authority (FCA), there were 51 cyber incident reports filed in the first half of 2023, marking a 10% increase from the same timeframe in 2022. Notably, the number of ransomware incidents doubled in H1 2023 to 19, compared to the previous year.

Details regarding the security measures of Great British Finance Ltd or any actions taken in response to the ransomware attack remain unclear, as the company's website lacks comprehensive information on this subject.

The Broader Context

The Cheers ransomware group, responsible for the attack on Great British Finance Ltd, has been actively targeting various organizations within the UK, including those in the logistics and data sectors. This attack is indicative of a larger pattern of increasing ransomware activities against UK-based companies, both in frequency and severity.

In response to the growing threat, the UK government has adopted a stance against the payment of ransoms and has been focusing on preventative measures to combat ransomware attacks. The impact of these strategies on enhancing the cybersecurity posture of companies like Great British Finance Ltd is yet to be fully assessed.


  • Ransomware groups warned there is no money in attacking British state - The Guardian
  • Ransomware Incidents Reported to UK Financial Regulator Doubled in H1 2023 - UK Financial Conduct Authority (FCA)
  • UK logistics firm blames ransomware attack for insolvency, 730 redundancies - BBC News

Recent Ransomware Attacks

The Recent Ransomware Attacks (RRA) site acts as a watchtower, providing you with near real-time ransomware tracking of attacks, groups and their victims. Given threat actors’ overarching, lucrative success so far, ransomware attacks have become the most ubiquitous, and financially and informationally impactful cyber threat to businesses and organizations today.

The site’s data is generated based on hosting choices of real-world threat actors, and a handful of other trackers. While sanitization efforts have been taken, we cannot guarantee 100% accuracy of the data. Attack updates will be made as source data is reported by reputable sources. By viewing, accessing, or using RRA you acknowledge you are doing so at your own risk.